Coral Reef
Coral Reef Offered by Buy Dubai Off-Plan
Coral Reef

Coral Reef

by DAMAC in Dubai Maritime City View on map Under construction

Starting price
AED 1,657,000
Payment plan
80/20
Handover
Q1 2028

≈ € 398,000

Project details

Starting price AED 1,657,000 ≈ € 398,000 What will my monthly payments be?
Payment plan 80/20 80% during construction, 20% at handover
Handover Q1 2028 Under construction
Bedrooms 123
Property type
Apartment
Floor area
72 to 169 m²
Developer
DAMAC
Project brochure
Free, with no obligation

The Coral Reef brochure

Download the brochure for Damac Coral Reef van Damac Properties in Dubai Maritime City for free with all the information about this project.

  • Floor plans by property type
  • Full price list
  • Payment plan
Download the brochure

About Coral Reef

  • Luxury 1, 2 and 3-bedroom apartments in a 48-storey tower

  • Exclusive artwork by the French artist Vincent Faudemer (Babolex)

  • Unique waterfront location in Dubai Maritime City with private beaches

  • Breathtaking views of the Arabian Sea and the Dubai skyline

  • Flexible payment plan: 80% during construction and 20% upon completion

Coral Reef at Dubai Maritime City: Luxury homes by Damac Properties

Damac Coral Reef is a prestigious residential building in Dubai Maritime City, developed by Damac Properties. This 48-storey high-rise project offers luxury one, two or three-bedroom apartments, designed for those seeking stylish and comfortable living. What makes this project special is the collaboration with the French artist Vincent Faudemer, whose exclusive Babolex artwork can only be found here. The building combines modern architecture with artistic details, giving it a unique appearance. The waterfront location provides a serene atmosphere, while the proximity to key landmarks and business centres makes life here even more attractive. Completion is scheduled for the first quarter of 2028, making this an excellent opportunity for those looking to invest in a future real estate project. With areas ranging from 72.09 to 168.62 m2, Damac Coral Reef offers something for everyone, from compact single-family homes to more spacious apartments. It is a place where art, luxury and functionality come together.

Home types and layouts at Coral Reef Dubai Maritime City

Damac Coral Reef offers a diverse range of apartments, suitable for different lifestyles. The one-bedroom apartments, with an area starting from 72.09 m2, are ideal for singles or young couples looking for a stylish home in a dynamic environment. The two-bedroom apartments offer more space and are perfect for small families or professionals who want to use an extra room as a home office. The three-bedroom apartments, with an area of up to 168.62 m2, offer all the comfort for larger families or those who enjoy hosting guests. All homes feature high-quality finishes and modern amenities, making them ready for immediate occupancy. The layouts are intelligently designed, with spacious living areas, functional kitchens and bathrooms with luxury materials. Large windows allow for plenty of natural light and offer breathtaking views of the sea or the Dubai skyline. This makes Damac Coral Reef an attractive option for both residents and investors.

About the developer Damac Properties and the Coral Reef design

Damac Properties, one of the most renowned developers in Dubai, is known for its innovative projects and high-quality finishes. Damac Coral Reef is an example of their expertise in creating luxury residential buildings with a unique character. The 48-storey building stands out for its modern architecture and artistic details, including the exclusive Babolex sculptures by Vincent Faudemer. These artworks give the building a distinctive appearance and make it a landmark in Dubai Maritime City. The common areas are carefully designed to foster a sense of community, featuring beautifully landscaped gardens, a waterfront promenade and private beaches. In addition, there are amenities such as an infinity pool, fitness facilities and relaxation zones. Damac Properties has a strong reputation for quality and reliability, giving investors the confidence to participate in this project. The completion in 2028 provides ample time to optimise financial planning.

Prime location in Dubai Maritime City near key Dubai destinations

Damac Coral Reef is located in Dubai Maritime City, a waterfront location known for its tranquil atmosphere and excellent connections. The proximity to Sheikh Zayed Road ensures easy transport to other parts of the city, while Dubai International Airport is reachable within 15 minutes. Key destinations such as Downtown Dubai, The Dubai Mall and the Burj Khalifa are approximately a 20-minute drive away, allowing residents to easily enjoy the many entertainment and shopping options. The area also offers numerous restaurants, cafes and cultural hotspots. The Dubai Maritime City waterfront itself is a place to relax, with walking paths, green areas and direct access to the beach. For those who enjoy water sports, there are plenty of opportunities, from swimming to jet skiing. The view from the apartments is one of the greatest assets: residents can choose a panoramic view of the Arabian Sea or the iconic Dubai skyline. This makes Damac Coral Reef an ideal place to live, work and invest.

Flexible payment plan for Coral Reef homes

The payment plan for Damac Coral Reef is flexible and accessible, specially designed to accommodate investors and buyers. The plan provides for a payment of 80% of the purchase price during the construction phase, spread over several instalments. The remaining 20% is paid upon the final completion of the project in 2028. This system offers financial security and a spreading of costs, making it an attractive option for both private buyers and investors. The starting price for an apartment in Damac Coral Reef is AED 1,657,000, depending on the type and area. We put you in touch with an agent with a RERA license in Dubai who guides you through the purchase, from the first conversation to the final transfer. We can also assist you with arranging any additional services, such as renting out your apartment after completion. Please do not hesitate to contact us for more information.

Amenities

Payment plan for Coral Reef

80%20%
80%
During construction, in instalments
AED 1,325,600
≈ € 318,000
20%
After handover
AED 331,400
≈ € 80,000

Monthly payments and your own funds

How much do you need for Coral Reef, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE?

Monthly payments after handover

AED 1,677

≈ € 400 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan
AED 1,325,600≈ € 318,100
Your funds at handover
AED 0≈ € 0
Mortgage at handover
AED 331,400≈ € 79,500
Purchase costs4% DLD fee and mortgage costs
AED 71,293≈ € 17,100
Total funds required
AED 1,396,893≈ € 335,300
Request finance guidance for Coral Reef
How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)Maximum mortgage
First home up to AED 5m80%
First home above AED 5m70%
Second home or investment60%
Off-plan, before handover50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

Floor plans

Photos of Coral Reef

Location

Dubai Maritime City, Dubai Burj Khalifa: 20 minutes (car) · Downtown Dubai: 20 minutes (car)
Open in Google Maps

Travel times from Coral Reef

  • Burj Khalifa: 20 minutes (car)
  • Downtown Dubai: 20 minutes (car)
  • Dubai International Airport: 15 minutes (car)
  • Sheikh Zayed Road: 10 minutes (car)
  • The Dubai Mall: 20 minutes (car)

About DAMAC

Damac offers an extensive portfolio of off-plan real estate projects in Dubai, ranging from luxury apartments to exclusive villas. These projects are located in prestigious areas such as Dubai Marina, Downtown Dubai, and Palm Jumeirah. Off-plan investing with Damac means purchasing a property before construction is completed, which often brings financial advantages. The developer is known for its timely handovers and quality finishes.

On this page, you will find a complete overview of all current off-plan projects by Damac, including details on location, floor area, and payment terms. Contact us for more information on specific projects.

All projects by DAMAC

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Images are for illustrative purposes and may differ from the finished property. The stated handover date is indicative and may be delayed. Although this page has been prepared with care, information may be incorrect or out of date. The price shown is a starting price and may differ from the current price. Please see our full disclaimer for more information.